Daily LInks
1. Why China could become the luxury industry’s next sore spot. A post-pandemic U.S. splurge had already shown signs of flagging, leaving investors to pin their hopes on Chinese shoppers to sustain the months-long spending spree that has boosted the sector’s fortunes. – Read More on Reuters
2. Brand collabs overload: Are solo launches the ultimate luxury? Luxury brands such as Dunhill are opting against pursuing growth this way because they do not deem it necessary. Furthermore, the dilution of premium luxury that high-street or lower-end brand crossovers potentially create is seen as not worth the consumer-base expansion. – Read More on Jing
3. Farfetch Seeks Tech That Enriches, Evolves the Digital Luxury Experience. Farfetch is researching and developing 3D assets and experiences, such as virtual try-on, which has been working well so far with categories such as watches and sneakers. – Read More on Yahoo
4. RELATED READ: Farfetch Sheds Light on M&A, AI Tech, Resale Ambitions in New SEC Filing. In Dec. 2021, Farfetch acquired 100 percent of Allure Systems Corp and its fully owned subsidiary, Allure Systems Research France, which uses artificial intelligence to create high-quality on-model images via 360 degrees renderings, allowing retailers and brands to scale quality imagery with automation. – Read More on TFL
5. Next Gucci CEO may have toughest job in luxury. Gucci’s revenue will grow by a meagre 1.5% in 2023, according to analysts’ estimates gathered by Visible Alpha. That’s way below the 10% and 15% rise brokers are penciling in for Louis Vuitton and Christian Dior respectively. – Read More on Reuters
6. Yuga Labs’ intensifying IP takedowns spur CryptoPunk backlash. “There’s still a lot of unanswered questions in relation to copyright: What does it mean to get an NFT? What do you get when you buy an NFT?” – Read More on Blockworks
